Many women get started in business by accident, without a plan. Perhaps, you make a piece of jewelry and all your friends want you to make one for them and they offer to pay you for your creation. You experiment with more pieces and suddenly everyone seems to want your jewelry. You love making jewelry and you excitedly start your business.
While you might make money doing this, at some point your business may fail because it wasn’t started as a business in the first place.
Successful businesses start with planning, but unless you are looking for a business loan you probably don’t need a huge, formal business plan. But, you do need a plan of some sort!
You need something to guide you through your daily activities to avoid stress, move your business forward and continue to have fun doing it.
A quick read of my January 21, 2021 blog Goal Setting for 2021 Jeanne Gormick could be helpful.
I also recommend a call to your local Small Business Administration office. They offer free seminars and services to increase your chances of success.
To get you started on the right foot, the following is an excerpt from my book See Dick and Jane Start a Homebased Business.
(Chapter 1)
See Dick and Jane Do Their Homework...
Dick and Jane want to sell Widgets. See Jane file the “fictitious name statement."
See Dick call the city to get the business license. Dick and Jane are married. They decide to run their business as sole proprietors.
They want to save money, so they will use a home office.
…See Dick and Jane talk to their insurance professional about liability insurance and get a rider on their homeowner policy to cover the business equipment.
See Dick and Jane talk to their tax, legal and banking professionals.
…See Dick and Jane write down their goals. If they don't have goals, they won't know where they are going. They need to know where they are going. …See Dick and Jane decide important business goals to make their family better.
…See Dick get a book to help them understand a business plan. See Dick and Jane have a written business plan.
To Continue Reading See Dick and Jane Start A Homebased Business
